Moody’s Upgrades India’s Rating Outlook To Stable From Negative; Affirms Baa3 Rating
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Moody’s Investors Service has changed the outlook on the government of India’s ratings to stable from negative. It has affirmed the country’s foreign-currency and local-currency long-term issuer ratings and the local-currency senior unsecured rating at Baa3. Moody’s said looking ahead, it expects India’s real GDP growth to average around 6% over the medium term. Earlier this month, India’s top officials have pitched for sovereign rating outlook upgrade from the current “negative” outlook.
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- 7 Oct 2021
- WerIndia
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